🧐🔁 Cardano: Still Boring or Finally Ready to Move? 🚦📈
Welcome to the Altcoin Series, kicking off this weekend with none other than Cardano (ADA).
Later on I will explain why i will be 'Divorcing Alts' and just trade them, but that time will be at the cycle end, not now.
It’s Saturday, July 12th — a classic retail weekend after a solid macro pump. Salaries are hitting accounts, the charts are alive again, and it's time to look at structure over sentiment.
🔍 A Personal Note on ADA
I was fortunate to exit near the top during the Cardano Summit in Athens (2021) — not just due to chart structure, but after meeting with developers and understanding how deeply Haskell shapes this ecosystem. And what a challenge that seemed!
Haskell, while academically impressive, has proven difficult to scale, and in practice, it's slowed down development. Expectations were sky-high, but reality hit hard. And let’s be honest — Cardano has been boring for years.
But that boredom may be hiding something...
I’ve still been 'going Long' under key levels, because when you zoom out — Cardano is still U.S.-centric, regulation-aware, and deeply rooted. In a time when the U.S. might look to lead crypto adoption, especially with figures like Trump signaling support, Cardano could become part of that narrative.
⚙️ Technical Setup
The recent pump from Nov–Dec 2024 was rejected right at $1.193 — our second test of that critical resistance. But now, we’re staring down a potential third test, with Test #3 marked on the chart near $1.15, and this time, the context is shifting.
✅ TOTAL3 structure is bullish
✅ Retail energy is back
✅ Altcoin momentum is quietly building
🔑 Key Levels
Support Zone:
🟢 $0.70–$0.71 — the current base to hold
Target Zones:
🔹 $1.15–$1.19 — Third test of resistance
🔹 $1.47
🔹 $1.89
🔹 $3.02
🔹 Top Extension Target: $3.65
A break above that descending level could turn this "boring" coin into one of the cleanest long continuation setups of the cycle.
📌 We trade technicals, not hope:
✅ Buy over support
✅ Exit under resistance
✅ Control risk, always
So… will Cardano keep boring us? Or is it finally time for a show?
One Love,
Trisha Saha 💙
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